SEC Form 3
FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 01/01/2018 | 3. Issuer Name and Ticker or Trading Symbol ENBRIDGE INC [ ENB ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) 01/02/2018 | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Shares | 73,699(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
DSP Phantom Stock Units(2) | (3) | (3) | Common Shares | 2,788 | (3) | I | By Spectra Directors Savings Plan |
DSP Phantom Equivalent Shares(4) | (5) | (5) | Common Shares | 14,204 | (5) | I | By Spectra Directors Savings Plan |
Explanation of Responses: |
1. This form is being filed to correct the number of Common Shares reported on the original Form 3 as being directly owned by the Reporting Person as of January 1, 2018. |
2. This form is also being filed to include the DSP Phantom Stock Units held by the Reporting Person that were unintentionally recorded as indirectly-owned Common Shares held through the Spectra Directors Savings Plan (the "DSP") in Table I on the original Form 3 filed on January 2, 2018. The Reporting Person does not indirectly own any Common Shares by virtue of his holdings in the DSP. |
3. The units were fully vested at the time compensation was deferred into the DSP. In connection with the merger (the "Merger") of Spectra Energy Corp. ("Spectra") and Enbridge, Inc. ("Enbridge") in February 2017, these Spectra units were converted into units denominated in Enbridge Common Shares and now represent the right to receive one Enbridge Common Share within 60 days following the Reporting Person's separation from service, with fractional shares paid in cash. |
4. This form is also being filed to include the DSP Phantom Equivalent Shares held by the Reporting Person that were unintentionally recorded as indirectly-owned Common Shares held through the DSP in Table I on the original Form 3 filed on January 2, 2018. The Reporting Person does not indirectly own any Common Shares by virtue of his holdings in the DSP. |
5. The DSP Phantom Equivalent Shares represent cash amounts that the Reporting Person received in consideration for service on the Spectra board of directors prior to the Merger that were deferred under the DSP and allocated to notional unitized investment funds based on Common Shares. Each DSP Phantom Equivalent Share represents the right to receive one Enbridge Common Share within 60 days following the Reporting Person's separation from service, with fractional shares paid in cash. The balance of DSP Phantom Equivalent Shares may vary from time to time due to fluctuations in the percentage of assets in the unitized fund investment option that are deemed to be invested in Common Shares. |
/s/ Vas Antoniou, attorney-in-fact | 02/05/2018 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |